News Update

CPI gets Rs 11 Cr tax notice for using old PAN numberGST - Penalty demand of Rs.3731 crores - A person who would fall within the purview of sub-section (1-A) of s.122 should necessarily be a taxable person who retains the benefits of transactions: HCFATP hand-wrings over slow regulation of crypto by member-countriesGST - Threatening and pressurising petitioner who is merely an employee - Highly unconscionable and disproportionate on the part of the officer: HCGST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HCIncome tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Training Program for Cambodian civil servants commences at MussoorieCBIC revises tariff value of edible oils, gold & silverCBIC directs all Customs offices to remain open on Saturday & SundayI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
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Allahabad, January 25, 2017
CX - MRP-based Valuation - CFL - Bulk sale of bulbs to institutional customers with MRP affixed on them not exempted under Rule 34 of PC Rules r/w Sec 4A - Order assessing duty u/s 4 set aside: CESTAT
 
Mumbai, January 24, 2017
Cus - Once appellant protested matter, assessing officer is duty bound to pass speaking order on merits – Matter remanded: CESTAT
 
Mumbai, January 24, 2017
CX - Considering provisions of Rule 6 and obligation of buyer for execution of bond, it is clear that if at all exemption is not available, duty can be recovered from buyer and not from supplier: CESTAT
 
Mumbai, January 24, 2017
I-T - Whether non-filing of return of interest earned by non-resident in India from his NRO account, is no ground to reopen his assessment, if deposits are sourced from abroad - YES: HC
 
Mumbai, January 24, 2017
ST - VCES, 2013 – No prudent business entity would jeopardize their chances of amnesty by deliberate non-payment of paltry amount – Penalty imposed u/s 78 set aside: CESTAT
 
Mumbai, January 23, 2017
CX – Mixed questions of fact and law are capable of being properly resolved in appellate remedies available under CEA - Petitions disposed of: HC
 
New Delhi, January 23, 2017
Service Tax - Valuation - Re-treading of tyres - Maintenance and Repair Services - Service Tax is payable only on service part - Value of goods sold excluded: Supreme Court
 
New Delhi, January 23, 2017
Cus - Assumption by CESTAT that pending Writ petitions of others can provide adequate redress to petitioner is an entirely erroneous assumption: HC
 
Ahmedabad, January 23, 2017
I-T - Whether AO can make disallowances in remand proceedings on issues which were not approved by ITAT, in absence of new evidences found during remand - NO: HC
 
Mumbai, January 23, 2017
CX - Mentioning part number on Air shaft/Air chucks and brand 'TIDLAND' on letterhead, invoices and catalogues does not amount to use of 'brand name' so as to be held ineligible for benefit of SSI exemption notification: CESTAT
 
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